Express Scripts's Net Profit
Surged in the Third Quarter

Dow Jones Newswires

Updated Oct. 23, 2002 6:20 p.m. ET

ST. LOUIS -- Express Scripts Inc. reported a surge in third-quarter profit and revenue and reaffirmed its full-year earnings outlook in spite of the termination of contracts with Aetna Inc. and other managed health-care providers.

The pharmaceutical benefits manager Wednesday said net income jumped 66% to $53.4 million, or 67 cents a share, from $32.2 million, or 40 cents a share, for the same period in 2001.